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Medical Devices | FDA | News, Analysis, Insights - HIT Consultant

HLTH22 Day 2 News Summary: Amazon Clinic Launch, General Catalyst, Verizon, Higi

by Fred Pennic 11/15/2022 Leave a Comment

17 HLTH 2022 Predictions from Digital Health Executives to Watch

Amazon Launches Amazon Clinic Across 32 States Amazon launches Amazon Clinic, a virtual care option that will operate across 32 states that offers up-front pricing, and treatment within hours, instead of days—helping customers achieve better health. Welcome to easy-to-use, effective care for common health conditions. For customers, the cost of consultations will vary by provider and includes ongoing follow-up messages with their clinician for up to two weeks after the initial
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How to Implement QR Codes Within the Healthcare Landscape

by Sharat Potharaju, CEO and Co-Founder, Beaconstac 11/14/2022 Leave a Comment

How to Implement QR Codes Within the Healthcare Landscape

Over 90% of mobile users keep their smartphones within arm's reach 24/7. This usage supports the implementation of mobile technology in the healthcare industry for professionals, patients and caregivers. Despite past hesitance among the healthcare system to use mobile technology — stemming from IT security and compliance concerns — many institutes recognize its value and convenience. QR codes, for example, provide safe access to information with a quick scan from a phone's camera — no
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Salesforce Unveils Patient 360 for Health innovations to Improve Patient Outcomes

by Jasmine Pennic 11/09/2022 Leave a Comment

Salesforce Unveils Patient 360 for Health innovations to Improve Patient Outcomes

What You Should Know: - Today, Salesforce announced a new Patient 360 for Health innovations providing cost-saving automation, real-time data, and personalized intelligence for healthcare and life sciences organizations to deliver comprehensive patient engagement and equitable care with greater efficiency.- According to Salesforce’s 2022 Success Metrics Global Highlights study, healthcare and life sciences organizations using Salesforce are seeing an average of 25%* savings on operational
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CitiusTech Acquires Wilco Source to Expand Salesforce Capabilities for Healthcare & Life Sciences

by Jasmine Pennic 11/09/2022 Leave a Comment

CitiusTech acquires Wilco Source to Expand Salesforce Capabilities for Healthcare & Life Sciences

What You Should Know: - CitiusTech announced that it has acquired Wilco Source, an industry-leading Salesforce solutions company to expand its offerings in patient services, care management and digital front door.   - This strategic acquisition comes on the heels of Bain’s recently announced investment in CitiusTech valued above $1B. These strategic initiatives validate both CitiusTech’s track record of success and CEO Bhaskar Sambasivan ‘s strategic
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Hemanext Raises $18M to Expand Blood Storage and & Transfusion Tech

by Jasmine Pennic 11/07/2022 Leave a Comment

Hemanext Raises $18M to Expand Blood Storage and & Transfusion Tech

What You Should Know: Hemanext, a Lexington, MA-based blood processing, storage, and transfusion technology company raises $18M in Series B funding from noted global private investors with deep finance and healthcare expertise. To date, the company has raised approximately $130M (inclusive of $8M in grant funding from the National Institutes of Health). RBC Processing and Storage System The company's research and development efforts center on the study of hypoxically stored red blood
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MedCrypt Raises $25M for Medical Device Cybersecurity Platform

by Fred Pennic 11/01/2022 Leave a Comment

MedCrypt Raises $25M for Medical Device Cybersecurity Platform

What You Should Know: - Today, MedCrypt, the proactive cybersecurity solution provider for medical devices and manufacturers raises $25M in Series B funding led by Intuitive Ventures and Johnson & Johnson Innovation.  - The round included participation from institutional investors Section 32, Eniac Ventures, Anzu Partners, and Dolby Family Ventures. This round of funding brings the company's total to date to $34.4M. Rising Need for Medical Device Cybersecurity This round stems
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The Desire for Cost Savings Driving Key Trends in Healthcare Market

by John Calcagnini, Managing Director of Healthcare & Life Sciences at Stout 10/28/2022 Leave a Comment

The Desire for Cost Savings Driving Key Trends in Healthcare Market

The healthcare market underwent significant changes during the pandemic as patients rethought how they received care, including opting for more telehealth and deferred elective procedures, but patient care is now normalizing as patients return to the office. However, payers are working to reduce the cost of care to reel in healthcare costs and keep premiums lower to remain competitive, driving key changes. Ambulatory Surgery and Home Care Surgeries are increasingly moving away from
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Israeli AirForce Leverages AR/VR Therapy to Evaluate Pilots for Potential Neck Injuries

by Fred Pennic 10/26/2022 Leave a Comment

Israeli AirForce Leverages AR/VR Therapy to Evaluate Pilots for Potential Neck Injuries

What You Should Know: - AirForce has selected XRHealth, the augmented reality/virtual reality gateway to the healthcare metaverse to evaluate pilots for potential neck injuries. - The Air Medical Unit, one of the highest authorities dealing with airborne conditions, screens pilots before they enter the AirForce and regularly during their service, and has recently started to use the XRHealth AR/VR therapy medical device as a solution to evaluate and monitor neck
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When Advancing a Medical Device, Be A Partner First & Seller Second to Hospital Systems

by Rolland Carlson, CEO of Immunexpress 10/21/2022 Leave a Comment

US hospital systems validate the safety, clinical utility, and robustness of newly FDA-approved devices, 510(k) cleared, before adopting them into clinical practice. This work occurs alongside evaluating how to integrate the medical device into the hospital system’s diagnostic paradigms, including in relation to quality improvement programs. Companies can have a role but there are 415 US hospital systems (comprising ~5,000 hospitals), and each has a bespoke process and ever-changing set of
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Building a Healthier Future with Real Wireless Power

by Hatem Zeine, Founder, President and CTO of Ossia 10/11/2022 Leave a Comment

Building a Healthier Future with Real Wireless Power

One of the lessons of the COVID-19 pandemic has been that healthcare facilities need to scale up operations quickly to respond to a public health emergency and that doing so is a significant challenge. In the early days of the pandemic, hard-hit cities like New York and others had to set up mobile hospital units or access additional capacity through military hospital ships.  In an emergency like the pandemic, staffing shortages remain a persistent problem, but expanding facility
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